Delickcious
Premium food for cats and dogs
Optimeal
Super premium food for cats and dogs
Club 4 Paws
Premium petfood for cats and dogs
My Love
Standard food for cats & dogs
Master
Standard food for cat and dog
Kormotech has received €40 million from the European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) provides Kormotech with a finance package to expand its export operations and geographical diversification by building a second pet food plant in Lithuania. The total cost of the project will be €63 million.
The package is a syndicated A/B facility of €40 million, of which € 20 million will be provided by the Dutch-based and SDG-focused asset manager ILX Fund.
The Bank previously provided €15 million to Kormotech Group, a long-standing EBRD client, for constructing its first production facility in Lithuania, which has been operational since June 2020. It also provided a €3.3 million working capital loan during the Covid-19 pandemic in 2020.
Kormotech is one of the top market players in the Ukrainian pet food market and the primary Ukrainian producer of high-quality pet food for cats and dogs. The company is privately owned and has proliferated since its establishment in 2003. Its orientation towards export and geographical diversification is helping it mitigate the economic impact of Russia’s war on Ukraine.
The project will help strengthen Kormotech's human resources and skills development practices in response to ongoing labor market challenges in Ukraine. It will mainly open up new employment and training opportunities for women workers, veterans, and other underserved groups.
Other news by Kormotech
Kormotech Products Reach Belgian Shelves
Pet parents in Belgium can now find products from all four Kormotech brands — MyLove, CLUB 4 PAWS, Delickcious, and Optimeal — in stores operated by Famiflora, one of the country's leading garden and home retailers.
"Ukrainians Can Build Strong International Companies": Rostyslav Vovk Speaks at the Forbes Entrepreneurs Forum
On June 25–26, Forbes Ukraine hosted the Entrepreneurs Forum in Kyiv. The event kicked off with a public interview featuring Kormotech CEO and co-founder Rostyslav Vovk, titled "Where to Find Growth Drivers When You've Hit a Ceiling."
Delickcious Revamps Chunk Shape in Its Wet Cat Food Line
Kormotech’s cat and dog treat brand, Delickcious, has updated the chunk shape across three of its wet cat food recipes. Moving away from uniform, standardized pieces, the brand is transitioning to a more natural shape that visually resembles real meat, aligning with the modern expectations of pet parents.
"Our goal is to raise our children as responsible owners," — Rostyslav Vovk at the SUP Family Picnic Lviv
On June 20, the SUP Family Picnic Lviv took place just outside the city. Organized by the Union of Ukrainian Entrepreneurs (SUP), this inaugural local event brought together business leaders, their families, partners, and friends in a welcoming atmosphere to connect, relax, and discuss shared values.
As part of the event, Rostyslav Vovk, CEO and co-owner of Kormotech, joined the panel discussion titled "What We Will Pass On to Future Generations." Alongside other participants, he discussed corporate social responsibility, the role of entrepreneurs in shaping Ukraine's future, and the foundational values companies are establishing today to guide the generations of tomorrow.
Kormotech and Enzym Group Co-Founders Rostyslav Vovk and Olena Vovk Named Among the Nominees of “UP100: Business”
On June 17, Ukrainska Pravda hosted the UP100: Business awards ceremony, marking the 20th anniversary of Ekonomichna Pravda. The list of nominees recognizes leaders of Ukrainian companies that are driving economic growth, creating jobs, and strengthening trust in Ukraine worldwide.
Among the nominees are Rostyslav Vovk and Olena Vovk, co-founders of Kormotech, Ukraine’s largest manufacturer of cat and dog nutrition, and Enzym Group, a biotechnology company developing and producing yeast-based solutions.
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